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Bio-Techne (TECH) investor relations material
Bio-Techne Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY27 net sales rose 5% YoY to $299.7M; organic revenue increased 7%, with held-for-sale businesses reducing growth by 2% and FX impact immaterial.
Shareholders approved the proposed Merck KGaA acquisition on Sept. 23; closing is expected by late 2026 or early 2027, subject to customary conditions.
Financial highlights
Net earnings were $28.3M vs. $38.2M YoY; operating income was $36.6M vs. $47.7M, while revenue was $299.7M vs. $286.6M.
Adjusted net earnings were $70.1M vs. $66.0M YoY; adjusted diluted EPS was $0.44 vs. $0.42.
Operating cash flow was $73.1M vs. $27.6M YoY, primarily reflecting timing of payments on operating assets and liabilities.
Royalty revenue was $14.5M vs. $5.6M YoY; consumables revenue was $237.3M vs. $231.6M, instruments $25.5M vs. $21.8M, and services $22.5M vs. $27.5M.
Outlook and guidance
FY27 remaining capital expenditures are expected to be ~$28M, focused on capacity expansion to support expected sales growth.
Excluding discrete items, the expected consolidated income tax rate for the remainder of FY27 is 23%–27%.
Management expects available cash, operating cash generation, and remaining credit to cover operating needs, facility expansion, capital additions, and dividends for at least the next 12 months.
Merger closing is expected by late 2026 or early 2027, contingent on customary closing conditions, including regulatory approvals.
- Shareholders will vote on a merger with Merck KGaA amid litigation and enhanced proxy disclosures.TECH
Proxy filing - Shareholders to receive $73.00 per share in cash as part of the planned merger closing by early 2027.TECH
Proxy filing - Shareholders will vote on the Merck KGaA acquisition, with closing expected by early 2027.TECH
Proxy filing - Acquisition gains regulatory approval; shareholder vote and key risks remain.TECH
Proxy filing - Shareholders will vote on a $73/share cash acquisition, with board support and detailed executive payouts.TECH
Proxy filing - Q4 organic revenue up 3%, GAAP EPS at $0.35, and acquisition by Merck KGaA announced.TECH
Q4 2026 - Shareholders will vote on a $73.00 per share cash acquisition, with board unanimous support.TECH
Proxy filing - Shareholders to receive $73.00 per share in cash upon merger closing, expected by early 2027.TECH
Proxy filing - Strong innovation and market recovery position the business for accelerated growth by late 2026.TECH
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